diff --git a/manager/burrow-mint/version.go b/manager/burrow-mint/version.go
index 335187f12a203e38af5fbefc7b51e668ee2c4a72..cc3d32ffd2a40088f544844f3ef18c026db1c48a 100644
--- a/manager/burrow-mint/version.go
+++ b/manager/burrow-mint/version.go
@@ -28,7 +28,7 @@ const (
 	// Minor version component of the current release
 	burrowMintVersionMinor = 16
 	// Patch version component of the current release
-	burrowMintVersionPatch = 2
+	burrowMintVersionPatch = 3
 )
 
 // Define the compatible consensus engines this application manager
diff --git a/rpc/tendermint/test/config.go b/rpc/tendermint/test/config.go
index 70c45995b54354840c03cf4f6279f632dc17f93a..de892e5d32bb08031ff894fc562ca321518413f9 100644
--- a/rpc/tendermint/test/config.go
+++ b/rpc/tendermint/test/config.go
@@ -218,7 +218,6 @@ private_validator_file = "priv_validator.json"
 ################################################################################
 ##
 ## burrow-mint
-## version 0.16.2
 ##
 ## The original Ethereum virtual machine with IAVL merkle trees
 ## and tendermint/go-wire encoding
diff --git a/version/version.go b/version/version.go
index dc0a238940b409ce5878d6640e9b9e5a6ebafcdc..2e3952f4b9fe5fb8911784e04c67ecdea3bc9610 100644
--- a/version/version.go
+++ b/version/version.go
@@ -32,7 +32,7 @@ const (
 	// Minor version component of the current release
 	versionMinor = 16
 	// Patch version component of the current release
-	versionPatch = 2
+	versionPatch = 3
 )
 
 var version *VersionIdentifier
@@ -126,4 +126,4 @@ func (version *VersionIdentifier) MatchesMinorVersion(
 
 // IMPORTANT: burrow version must be on the last line of this file for
 // the deployment script tests/build_tool.sh to pick up the right label.
-const VERSION = "0.16.2"
+const VERSION = "0.16.3"