diff --git a/pkgs/tools/security/secp256k1/default.nix b/pkgs/tools/security/secp256k1/default.nix
index cb9cf172daa1..fd8d0cd9eefa 100644
--- a/pkgs/tools/security/secp256k1/default.nix
+++ b/pkgs/tools/security/secp256k1/default.nix
@@ -7,13 +7,13 @@
 stdenv.mkDerivation rec {
   pname = "secp256k1";
 
-  version = "0.3.0";
+  version = "0.3.1";
 
   src = fetchFromGitHub {
     owner = "bitcoin-core";
     repo = "secp256k1";
     rev = "refs/tags/v${version}";
-    sha256 = "sha256-ii4JuYd65L0FBWY+cqcFuUEjExZOj6Pt5T0OyaVhIEI=";
+    sha256 = "sha256-0Xb/hot88HRDzwP1hJq47nrUbKVJFzsIKCQxLznQkrM=";
   };
 
   nativeBuildInputs = [ autoreconfHook ];