diff --git a/package-lock.json b/package-lock.json
index c0436051025..195ae8f92cf 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "brave-core",
-  "version": "1.38.39",
+  "version": "1.38.40",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "brave-core",
-      "version": "1.38.39",
+      "version": "1.38.40",
       "license": "MPL-2.0",
       "dependencies": {
         "@brave/react-virtualized-auto-sizer": "^1.0.4",
diff --git a/package.json b/package.json
index 2ab6c7f52b3..9c14ea44180 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "brave-core",
-  "version": "1.38.39",
+  "version": "1.38.40",
   "description": "Brave Core is a set of changes, APIs and scripts used for customizing Chromium to make Brave.",
   "main": "index.js",
   "scripts": {
diff --git a/patches/chrome-VERSION.patch b/patches/chrome-VERSION.patch
index 7c29db19c84..89a8e2cad28 100644
--- a/patches/chrome-VERSION.patch
+++ b/patches/chrome-VERSION.patch
@@ -9,4 +9,4 @@ index e54820a78d91af845b4c1ba77d7c84f7ba4c55c7..b73118b5224f5d0097bf57eb419536d7
 -PATCH=51
 +MINOR=1
 +BUILD=38
-+PATCH=39
++PATCH=40