diff --git a/LATEST b/LATEST
index a93a6f7571..f0bb29e763 100644
--- a/LATEST
+++ b/LATEST
@@ -1 +1 @@
-1.2.23
+1.3.0
diff --git a/package.json b/package.json
index 49133e9dae..b6ed0b981f 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "private": true,
   "name": "bun",
-  "version": "1.3.0",
+  "version": "1.3.1",
   "workspaces": [
     "./packages/bun-types",
     "./packages/@types/bun"