diff --git a/CHANGELOG.md b/CHANGELOG.md
index e42d35dcd..1eeaf4a58 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,12 +2,16 @@
 
 ## Added
 
-* Support for compiling AVM v9 programs. ([#707](https://github.com/algorand/pyteal/pull/707))
-
 ## Fixed
 
 ## Changed
 
+# v0.25.0
+
+## Added
+
+* Support for compiling AVM v9 programs. ([#707](https://github.com/algorand/pyteal/pull/707))
+
 # v0.24.1
 
 ## Fixed
diff --git a/setup.py b/setup.py
index 3ff516763..4167deeb4 100644
--- a/setup.py
+++ b/setup.py
@@ -7,7 +7,7 @@
 
 setuptools.setup(
     name="pyteal",
-    version="0.24.1",
+    version="0.25.0",
     author="Algorand",
     author_email="pypiservice@algorand.com",
     description="Algorand Smart Contracts in Python",