diff --git a/package/bitcoin/bitcoin.hash b/package/bitcoin/bitcoin.hash
index b1576d5e8a..3adfc7a5d0 100644
--- a/package/bitcoin/bitcoin.hash
+++ b/package/bitcoin/bitcoin.hash
@@ -1,7 +1,7 @@
-# Hash from: https://bitcoincore.org/bin/bitcoin-core-31.0/SHA256SUMS
+# Hash from: https://bitcoincore.org/bin/bitcoin-core-31.1/SHA256SUMS
 # After checking pgp signature from:
-# https://bitcoincore.org/bin/bitcoin-core-31.0/SHA256SUMS.asc
-sha256  0ba0ef5eea3aefd96cc1774be274c3d594812cfac0988809d706738bb067b3e3  bitcoin-31.0.tar.gz
+# https://bitcoincore.org/bin/bitcoin-core-31.1/SHA256SUMS.asc
+sha256  50411d5b43c7e4c90099394759eb6c2add6e7c2dbe728840893d638b6fc6afc9  bitcoin-31.1.tar.gz
 
 # Hash for license file
 sha256  b028769f3852a9368ab10bd754ff01ebb741f84a2fa658c9aff82a631bc6ecfc  COPYING
diff --git a/package/bitcoin/bitcoin.mk b/package/bitcoin/bitcoin.mk
index d7019f2aa9..857768eba8 100644
--- a/package/bitcoin/bitcoin.mk
+++ b/package/bitcoin/bitcoin.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-BITCOIN_VERSION = 31.0
+BITCOIN_VERSION = 31.1
 BITCOIN_SITE = https://bitcoincore.org/bin/bitcoin-core-$(BITCOIN_VERSION)
 BITCOIN_LICENSE = MIT
 BITCOIN_LICENSE_FILES = COPYING