diff --git a/package-lock.json b/package-lock.json
index 03b97a8bdb..b0922fffe3 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
 	"name": "WordPress",
-	"version": "6.5.3",
+	"version": "6.5.4",
 	"lockfileVersion": 2,
 	"requires": true,
 	"packages": {
diff --git a/package.json b/package.json
index 7ed05fa3df..eb78c0eb48 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "WordPress",
-	"version": "6.5.3",
+	"version": "6.5.4",
 	"description": "WordPress is open source software you can use to create a beautiful website, blog, or app.",
 	"repository": {
 		"type": "svn",
diff --git a/src/wp-includes/version.php b/src/wp-includes/version.php
index ef6b6d91d4..a615a9f6e9 100644
--- a/src/wp-includes/version.php
+++ b/src/wp-includes/version.php
@@ -16,7 +16,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '6.5.3-src';
+$wp_version = '6.5.4-alpha-58116-src';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.