diff --git a/CHANGELOG.md b/CHANGELOG.md
index 804f1ee..01dda86 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,11 @@ follows:
    releases, and Linux kernel updates. They're also made to fix bugs and add
    features to the build infrastructure.
 
+## v1.23.2
+
+* Updated dependencies
+  * [nerves_system_br v1.23.3](https://github.com/nerves-project/nerves_system_br/releases/tag/v1.23.3)
+
 ## v1.23.1
 
 This is a bug and security fix update. It should be a low risk upgrade.
diff --git a/VERSION b/VERSION
index 49e0a31..14bee92 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.23.1
+1.23.2