diff --git a/pkg/version/dev.go b/pkg/version/dev.go
index 001ff0cb3..231f0771d 100644
--- a/pkg/version/dev.go
+++ b/pkg/version/dev.go
@@ -3,6 +3,6 @@
 
 package version
 
-const Version = "v1.49.0-8a89408f-dev"
+const Version = "v1.50.0-3929eb20-dev"
 
-const VersionGitRef = "8a89408f"
+const VersionGitRef = "3929eb20"
diff --git a/pkg/version/version.go b/pkg/version/version.go
index 3a2dfe855..3d913533f 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -3,6 +3,6 @@
 
 package version
 
-const Version = "v1.49.0-8a89408f"
+const Version = "v1.50.0-3929eb20"
 
-const VersionGitRef = "8a89408f"
+const VersionGitRef = "3929eb20"