diff --git a/docs/conf.py b/docs/conf.py
index 907edd1622..9e695dd38c 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -22,7 +22,7 @@
 copyright = u"2019, Sentry Team and Contributors"
 author = u"Sentry Team and Contributors"
 
-release = "0.16.2"
+release = "0.16.3"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index 48c7838bf3..7415f9c723 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -88,7 +88,7 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "0.16.2"
+VERSION = "0.16.3"
 SDK_INFO = {
     "name": "sentry.python",
     "version": VERSION,
diff --git a/setup.py b/setup.py
index d336dc933b..10bc51b54d 100644
--- a/setup.py
+++ b/setup.py
@@ -12,7 +12,7 @@
 
 setup(
     name="sentry-sdk",
-    version="0.16.2",
+    version="0.16.3",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",