diff --git a/CHANGELOG b/CHANGELOG
index 77a21e757c4b787b1753390defe723c986c275b1..7fcb46280585301cf5cf239daebcb7c7d31ba597 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,6 +1,8 @@
 Please view this file on the master branch, on stable branches it's out of date.
 
-v 8.5.0 (unreleased)
+v 8.6.0 (unreleased)
+
+v 8.5.0
   - Fix duplicate "me" in tooltip of the "thumbsup" awards Emoji (Stan Hu)
   - Cache various Repository methods to improve performance (Yorick Peterse)
   - Fix duplicated branch creation/deletion Web hooks/service notifications when using Web UI (Stan Hu)
diff --git a/VERSION b/VERSION
index ffec98087cb4de19d42eddbba9f1316d755937e9..cac7d91adda628435e13bb2c00bf6dd24de15c0a 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-8.5.0-pre
+8.6.0-pre