diff --git a/includes/class-woocommerce.php b/includes/class-woocommerce.php
index 228ec782a84..ec163d8efcf 100644
--- a/includes/class-woocommerce.php
+++ b/includes/class-woocommerce.php
@@ -23,7 +23,7 @@ final class WooCommerce {
 	 *
 	 * @var string
 	 */
-	public $version = '5.0.0';
+	public $version = '5.1.0';
 
 	/**
 	 * WooCommerce Schema version.
diff --git a/package.json b/package.json
index c001a8ca0b3..e17367d37b8 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "woocommerce",
   "title": "WooCommerce",
-  "version": "5.0.0",
+  "version": "5.1.0",
   "homepage": "https://woocommerce.com/",
   "repository": {
     "type": "git",
diff --git a/readme.txt b/readme.txt
index 0300b932bdc..1015d0eebc9 100644
--- a/readme.txt
+++ b/readme.txt
@@ -160,13 +160,6 @@ WooCommerce comes with some sample data you can use to see how products look; im
 
 == Changelog ==
 
-= 4.9.2 2021-01-25 =
-
-* Tweak - Disable untested plugin's notice from System Status and Plugin's page. #28840
+= 5.1.0 2021-03-xx =
 
 [See changelog for all versions](https://raw.githubusercontent.com/woocommerce/woocommerce/master/changelog.txt).
-
-== Upgrade Notice ==
-
-= 4.0 =
-4.0 is a major update. Make a full site backup, update your theme and extensions, and [review update best practices](https://docs.woocommerce.com/document/how-to-update-your-site) before upgrading.
diff --git a/woocommerce.php b/woocommerce.php
index e536627c59f..1ba8fe4d67f 100644
--- a/woocommerce.php
+++ b/woocommerce.php
@@ -3,7 +3,7 @@
  * Plugin Name: WooCommerce
  * Plugin URI: https://woocommerce.com/
  * Description: An eCommerce toolkit that helps you sell anything. Beautifully.
- * Version: 5.0.0-dev
+ * Version: 5.1.0-dev
  * Author: Automattic
  * Author URI: https://woocommerce.com
  * Text Domain: woocommerce