diff --git a/package.json b/package.json
index b3b72e41..5e6609fc 100644
--- a/package.json
+++ b/package.json
@@ -63,7 +63,7 @@
     "@interlay/monetary-js": "0.7.4",
     "@polkadot/api": "10.9.1",
     "big.js": "6.1.1",
-    "bitcoinjs-lib": "^5.2.0",
+    "bitcoinjs-lib": "^6.1.6",
     "bn.js": "4.12.0",
     "cross-fetch": "^4.0.0",
     "yargs": "^17.5.1"