diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0e681ae45..ace08d25c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Changelog
 
+## 16.4.0 - 2024-12-18
+* [#1793](https://github.com/stripe/stripe-php/pull/1793) This release changes the pinned API version to `2024-12-18.acacia`.
+  * Add support for `network_advice_code` and `network_decline_code` on `StripeError`
+  * Add support for new values `payout_minimum_balance_hold` and `payout_minimum_balance_release` on enum `BalanceTransaction.type`
+  * Add support for `allow_redisplay` on `Card` and `Source`
+  * Add support for `regulated_status` on `Card`
+  * Add support for new value `request_signature` on enum `Forwarding.Request.replacements[]`
+  * Change type of `LineItem.description` from `string` to `nullable(string)`
+  * Add support for new values `al_tin`, `am_tin`, `ao_tin`, `ba_tin`, `bb_tin`, `bs_tin`, `cd_nif`, `gn_nif`, `kh_tin`, `me_pib`, `mk_vat`, `mr_nif`, `np_pan`, `sn_ninea`, `sr_fin`, `tj_tin`, `ug_tin`, `zm_tin`, and `zw_tin` on enum `TaxId.type`
+
 ## 16.3.0 - 2024-11-20
 * [#1786](https://github.com/stripe/stripe-php/pull/1786) This release changes the pinned API version to `2024-11-20.acacia`.
   * Add support for `respond` test helper method on resource `Issuing.Authorization`
diff --git a/VERSION b/VERSION
index d9a8a3578..29b7b9ad9 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-16.3.0
+16.4.0
diff --git a/lib/Stripe.php b/lib/Stripe.php
index 2e306c4fe..14285a5e3 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 = '16.3.0';
+    const VERSION = '16.4.0';
 
     /**
      * @return string the API key used for requests