diff --git a/CHANGELOG.md b/CHANGELOG.md
index 21f9f5cf..d4a5bfdd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [Unreleased]
+## [v2.5.0] - 2024-04-03
 
 ### Added
 
@@ -836,4 +836,4 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 [v2.3.0]: https://github.com/piraeusdatastore/piraeus-operator/compare/v2.2.0...v2.3.0
 [v2.4.0]: https://github.com/piraeusdatastore/piraeus-operator/compare/v2.3.0...v2.4.0
 [v2.4.1]: https://github.com/piraeusdatastore/piraeus-operator/compare/v2.4.0...v2.4.1
-[Unreleased]: https://github.com/piraeusdatastore/piraeus-operator/compare/v2.4.1...HEAD
+[v2.5.0]: https://github.com/piraeusdatastore/piraeus-operator/compare/v2.4.1...v2.5.0
diff --git a/Makefile b/Makefile
index f06a090f..f027e3ce 100644
--- a/Makefile
+++ b/Makefile
@@ -4,7 +4,7 @@ PROJECT_NAME ?= piraeus-operator
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= 2.4.1
+VERSION ?= 2.5.0
 
 # CHANNELS define the bundle channels used in the bundle.
 # Add a new line here if you would like to change its default config. (E.g CHANNELS = "candidate,fast,stable")
diff --git a/README.md b/README.md
index 9b54cedd..bdce0fd9 100644
--- a/README.md
+++ b/README.md
@@ -25,7 +25,7 @@ to fix issues or new software versions until a stable upgrade path to v2 is avai
 To deploy Piraeus Operator v2 from this repository, simply run:
 
 ```
-$ kubectl apply --server-side -k "https://github.com/piraeusdatastore/piraeus-operator//config/default?ref=v2.4.1"
+$ kubectl apply --server-side -k "https://github.com/piraeusdatastore/piraeus-operator//config/default?ref=v2.5.0"
 # Verify the operator is running:
 $ kubectl wait pod --for=condition=Ready -n piraeus-datastore -l app.kubernetes.io/component=piraeus-operator
 pod/piraeus-operator-controller-manager-dd898f48c-bhbtv condition met
diff --git a/UPGRADE.md b/UPGRADE.md
index 0bfafce6..08cd6126 100644
--- a/UPGRADE.md
+++ b/UPGRADE.md
@@ -10,7 +10,7 @@ To upgrade, apply the resource of the latest release. Use the same method that w
 To upgrade to the latest release using `kubectl`, run the following commands:
 
 ```
-$ kubectl apply --server-side -k "https://github.com/piraeusdatastore/piraeus-operator//config/default?ref=v2.4.1"
+$ kubectl apply --server-side -k "https://github.com/piraeusdatastore/piraeus-operator//config/default?ref=v2.5.0"
 $ kubectl wait pod --for=condition=Ready -n piraeus-datastore --all
 ```
 
diff --git a/charts/piraeus/Chart.yaml b/charts/piraeus/Chart.yaml
index 2f6ccc76..f2ce5d79 100644
--- a/charts/piraeus/Chart.yaml
+++ b/charts/piraeus/Chart.yaml
@@ -3,8 +3,8 @@ name: piraeus
 description: |
   The Piraeus Operator manages software defined storage clusters using LINSTOR in Kubernetes.
 type: application
-version: 2.4.1
-appVersion: "v2.4.1"
+version: 2.5.0
+appVersion: "v2.5.0"
 maintainers:
   - name: Piraeus Datastore
     url: https://piraeus.io
diff --git a/config/default/kustomization.yaml b/config/default/kustomization.yaml
index 5718f5cd..d9dee86d 100644
--- a/config/default/kustomization.yaml
+++ b/config/default/kustomization.yaml
@@ -12,7 +12,7 @@ labels:
 images:
 - name: controller
   newName: quay.io/piraeusdatastore/piraeus-operator
-  newTag: v2
+  newTag: v2.5.0
 
 # [PROMETHEUS] To enable prometheus monitor, uncomment all sections with 'PROMETHEUS'.
 #- ../prometheus
diff --git a/docs/tutorial/get-started.md b/docs/tutorial/get-started.md
index 07f3fa2a..d0238f50 100644
--- a/docs/tutorial/get-started.md
+++ b/docs/tutorial/get-started.md
@@ -15,7 +15,7 @@ All resources needed to run Piraeus Operator are included in a single Kustomizat
 Install Piraeus Operator by running:
 
 ```bash
-$ kubectl apply --server-side -k "https://github.com/piraeusdatastore/piraeus-operator//config/default?ref=v2.4.1"
+$ kubectl apply --server-side -k "https://github.com/piraeusdatastore/piraeus-operator//config/default?ref=v2.5.0"
 namespace/piraeus-datastore configured
 ...
 ```