diff --git a/CHANGELOG.md b/CHANGELOG.md
index c73547dbf..024db7a66 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@
 
 - Adds experimental Yarn 2 support. Note you must manually set `nodeLinker: node-modules` in your `.yarnrc.yml`.
 
+- Keep backups, even when they're old [#2912](https://github.com/rails/webpacker/pull/2912)
+
 ## [[5.2.2]](https://github.com/rails/webpacker/compare/v5.2.1...5.2.2) - 2021-04-27
 
 - Bump deps and remove node-sass [#2997](https://github.com/rails/webpacker/pull/2997).
diff --git a/Gemfile.lock b/Gemfile.lock
index 1f80b509d..3e99abd5f 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    webpacker (5.2.2)
+    webpacker (5.3.0)
       activesupport (>= 5.2)
       rack-proxy (>= 0.6.1)
       railties (>= 5.2)
diff --git a/lib/webpacker/version.rb b/lib/webpacker/version.rb
index b87d21ef1..84835e55f 100644
--- a/lib/webpacker/version.rb
+++ b/lib/webpacker/version.rb
@@ -1,4 +1,4 @@
 module Webpacker
   # Change the version in package.json too, please!
-  VERSION = "5.2.2".freeze
+  VERSION = "5.3.0".freeze
 end
diff --git a/package.json b/package.json
index bac3db5bc..98457ca83 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rails/webpacker",
-  "version": "5.2.2",
+  "version": "5.3.0",
   "description": "Use webpack to manage app-like JavaScript modules in Rails",
   "main": "package/index.js",
   "files": [