diff --git a/package.json b/package.json
index 1c7a3d22..cc80a3a4 100644
--- a/package.json
+++ b/package.json
@@ -65,7 +65,7 @@
     "big.js": "^6.2.2",
     "bn.js": "^5.2.1",
     "borsh": "^0.7.0",
-    "btc-wallet": "^0.4.8-beta",
+    "btc-wallet": "^0.5.0-beta",
     "crypto-browserify": "3.12.0",
     "dayjs": "1.11.10",
     "decimal.js": "^10.4.1",
diff --git a/yarn.lock b/yarn.lock
index 0bebbe47..fd312e66 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -6921,10 +6921,10 @@ bser@2.1.1:
   dependencies:
     node-int64 "^0.4.0"
 
-btc-wallet@^0.4.8-beta:
-  version "0.4.8-beta"
-  resolved "https://registry.yarnpkg.com/btc-wallet/-/btc-wallet-0.4.8-beta.tgz#144e4292f9e93fc963f57408b1c2f9a145b9c3c1"
-  integrity sha512-vPSji2XgCHCtWCHzzao5k9cbG/C1jVIGQ5izE6FvFJIugGas6SFRdh0YtsiZ+CkGpIzq7YSeI9VMYikusTlnyw==
+btc-wallet@^0.5.0-beta:
+  version "0.5.0-beta"
+  resolved "https://registry.yarnpkg.com/btc-wallet/-/btc-wallet-0.5.0-beta.tgz#78ad129ed1dd008b2a06ec5df8a66a9421c1b562"
+  integrity sha512-mxRjdMvDrC8gYZW5j24cVk4VHy5zGBZHY9OTNgUcNzTUSphkfG8EQmxsV4MSj8vWf5pruUW7DhP5a8cqAJvtUA==
   dependencies:
     "@ethereumjs/util" "^9.0.1"
     "@near-js/transactions" "^1.3.0"