diff --git a/CHANGELOG.md b/CHANGELOG.md
index 527a5b6c1..cfe2c4cb2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 16.4.0-beta.2 - 2024-12-05
+* [#1790](https://github.com/stripe/stripe-php/pull/1790) Update generated code for beta
+  * Add support for new values `payout_minimum_balance_hold` and `payout_minimum_balance_release` on enum `BalanceTransaction.type`
+
 ## 16.4.0-beta.1 - 2024-11-21
 * [#1788](https://github.com/stripe/stripe-php/pull/1788) Update generated code for beta
   * Add support for `network_advice_code` and `network_decline_code` on `StripeError`
diff --git a/VERSION b/VERSION
index 241e87389..6e9eb2cd8 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-16.4.0-beta.1
+16.4.0-beta.2
diff --git a/lib/Stripe.php b/lib/Stripe.php
index b9d880e45..9649e8554 100644
--- a/lib/Stripe.php
+++ b/lib/Stripe.php
@@ -64,7 +64,7 @@ class Stripe
     /** @var float Initial delay between retries, in seconds */
     private static $initialNetworkRetryDelay = 0.5;
 
-    const VERSION = '16.4.0-beta.1';
+    const VERSION = '16.4.0-beta.2';
 
     /**
      * @return string the API key used for requests