diff --git a/CHANGELOG.md b/CHANGELOG.md
index 41c1ff309..3864dc3c8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 8.6.0-beta.1 - 2023-03-30
+* [#1202](https://github.com/stripe/stripe-ruby/pull/1202) Update generated code for beta
+
+
 ## 8.5.0 - 2023-03-30
 * [#1203](https://github.com/stripe/stripe-ruby/pull/1203) Update generated code
   * Remove support for `create` method on resource `Tax.Transaction`
diff --git a/VERSION b/VERSION
index 9c10eaa7d..5bf1c80bc 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-8.5.0-beta.1
+8.6.0-beta.1
diff --git a/lib/stripe/version.rb b/lib/stripe/version.rb
index 564576d2a..768006c63 100644
--- a/lib/stripe/version.rb
+++ b/lib/stripe/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Stripe
-  VERSION = "8.5.0-beta.1"
+  VERSION = "8.6.0-beta.1"
 end