diff --git a/bootloader/bootloader.h b/bootloader/bootloader.h
index 064f270ee2..7e79ae1c01 100644
--- a/bootloader/bootloader.h
+++ b/bootloader/bootloader.h
@@ -21,14 +21,14 @@
 #define __BOOTLOADER_H__
 
 #define VERSION_MAJOR 1
-#define VERSION_MINOR 4
+#define VERSION_MINOR 5
 #define VERSION_PATCH 0
 
 #define STR(X) #X
 #define VERSTR(X) STR(X)
 
 #define VERSION_MAJOR_CHAR "\x01"
-#define VERSION_MINOR_CHAR "\x04"
+#define VERSION_MINOR_CHAR "\x05"
 #define VERSION_PATCH_CHAR "\x00"
 
 #include <stdbool.h>
diff --git a/firmware/trezor.h b/firmware/trezor.h
index d40a10e29c..20fcfc481e 100644
--- a/firmware/trezor.h
+++ b/firmware/trezor.h
@@ -23,8 +23,8 @@
 #include <stdint.h>
 
 #define VERSION_MAJOR 1
-#define VERSION_MINOR 6
-#define VERSION_PATCH 1
+#define VERSION_MINOR 7
+#define VERSION_PATCH 0
 
 #define STR(X) #X
 #define VERSTR(X) STR(X)