diff --git a/.github/scripts/update-version.sh b/.github/scripts/update-version.sh
index d32f7262c4..66c6cac52a 100755
--- a/.github/scripts/update-version.sh
+++ b/.github/scripts/update-version.sh
@@ -1,10 +1,6 @@
 #!/bin/bash -e
 
-sed -Ei "s/[0-9]+\.[0-9]+\.[0-9]+/$1/" version.gradle.kts
-
-# also update versions in these files
-# - examples/distro/build.gradle
-# - examples/extension/build.gradle
+version=$1
 
 if [[ $version == *-SNAPSHOT ]]; then
   alpha_version=${version//-SNAPSHOT/-alpha-SNAPSHOT}
@@ -12,6 +8,9 @@ else
   alpha_version=$version-alpha
 fi
 
+sed -Ei "s/val stableVersion = \"[^\"]*\"/val stableVersion = \"$version\"/" version.gradle.kts
+sed -Ei "s/val alphaVersion = \"[^\"]*\"/val alphaVersion = \"$alpha_version\"/" version.gradle.kts
+
 sed -Ei "s/(opentelemetryJavaagent *: )\"[^\"]*\"/\1\"$version\"/" examples/distro/build.gradle
 sed -Ei "s/(opentelemetryJavaagentAlpha *: )\"[^\"]*\"/\1\"$alpha_version\"/" examples/distro/build.gradle
 
diff --git a/.github/workflows/prepare-patch-release.yml b/.github/workflows/prepare-patch-release.yml
index 5c598ce792..96435ef8f4 100644
--- a/.github/workflows/prepare-patch-release.yml
+++ b/.github/workflows/prepare-patch-release.yml
@@ -21,7 +21,7 @@ jobs:
           echo "VERSION=$major_minor.$((patch + 1))" >> $GITHUB_ENV
 
       - name: Update version
-        run: .github/scripts/update-version.sh $VERSION ${VERSION}-alpha
+        run: .github/scripts/update-version.sh $VERSION
 
       - name: Update download link version
         run: |
diff --git a/.github/workflows/prepare-release-branch.yml b/.github/workflows/prepare-release-branch.yml
index 68674469bb..e8575af9a9 100644
--- a/.github/workflows/prepare-release-branch.yml
+++ b/.github/workflows/prepare-release-branch.yml
@@ -21,12 +21,11 @@ jobs:
           echo "RELEASE_BRANCH_NAME=$release_branch_name" >> $GITHUB_ENV
 
       - name: Update version
-        run: .github/scripts/update-version.sh $VERSION ${VERSION}-alpha
+        run: .github/scripts/update-version.sh $VERSION
 
       - name: Update download link version
         run: |
-          version=$(.github/scripts/get-version.sh)
-          sed -Ei "s,https://github\.com/open-telemetry/opentelemetry-java-instrumentation/releases/latest/download/,https://github.com/open-telemetry/opentelemetry-java-instrumentation/releases/download/v$version/," README.md
+          sed -Ei "s,https://github\.com/open-telemetry/opentelemetry-java-instrumentation/releases/latest/download/,https://github.com/open-telemetry/opentelemetry-java-instrumentation/releases/download/v$VERSION/," README.md
 
       - name: Set git user
         run: .github/scripts/set-git-user.sh
@@ -67,8 +66,7 @@ jobs:
 
       - name: Update version
         run: |
-          next_alpha_version=${NEXT_VERSION//-SNAPSHOT/}-alpha-SNAPSHOT
-          .github/scripts/update-version.sh $NEXT_VERSION $NEXT_ALPHA_VERSION
+          .github/scripts/update-version.sh $NEXT_VERSION
 
       - name: Set git user
         run: .github/scripts/set-git-user.sh