diff --git a/CMakeLists.txt b/CMakeLists.txt
index 52f34798a..86eba5e67 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -19,7 +19,7 @@ include(FindPkgConfig)
 include(cmake/CheckAtomic.cmake)
 
 set (opendht_VERSION_MAJOR 2)
-set (opendht_VERSION_MINOR 3.4)
+set (opendht_VERSION_MINOR 3.5)
 set (opendht_VERSION ${opendht_VERSION_MAJOR}.${opendht_VERSION_MINOR})
 set (PACKAGE_VERSION ${opendht_VERSION})
 set (VERSION "${opendht_VERSION}")
diff --git a/configure.ac b/configure.ac
index 5e0c39ca8..71eeee4fc 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 dnl define macros
 m4_define([opendht_major_version], 2)
 m4_define([opendht_minor_version], 3)
-m4_define([opendht_patch_version], 4)
+m4_define([opendht_patch_version], 5)
 m4_define([opendht_version],
 		  [opendht_major_version.opendht_minor_version.opendht_patch_version])