diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3e3fdc80a1..7d21e756e0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## v0.4.0-alpha.0 / 2016-09-09
+## v0.5.0-alpha.0 / 2016-09-09
 
 This realease requires a storage wipe.
 
diff --git a/VERSION b/VERSION
index 1b69c974b3..efd9558d2c 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.0-alpha.0
+0.5.0-alpha.0