diff --git a/CMakeLists.txt b/CMakeLists.txt
index dc613a7655f..05a86a1d97f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -28,9 +28,9 @@ get_directory_property(precious_variables CACHE_VARIABLES)
 #=============================
 set(CLIENT_NAME "Bitcoin Core")
 set(CLIENT_VERSION_MAJOR 29)
-set(CLIENT_VERSION_MINOR 1)
+set(CLIENT_VERSION_MINOR 2)
 set(CLIENT_VERSION_BUILD 0)
-set(CLIENT_VERSION_RC 0)
+set(CLIENT_VERSION_RC 1)
 set(CLIENT_VERSION_IS_RELEASE "true")
 set(COPYRIGHT_YEAR "2025")