diff --git a/.props/_GlobalStaticVersion.props b/.props/_GlobalStaticVersion.props
index cf76e59b8..6eda52375 100644
--- a/.props/_GlobalStaticVersion.props
+++ b/.props/_GlobalStaticVersion.props
@@ -11,9 +11,9 @@
       Update for every public release.
     -->
     <SemanticVersionMajor>2</SemanticVersionMajor>
-    <SemanticVersionMinor>22</SemanticVersionMinor> <!-- If changing the Minor version, also update the Date value. -->
+    <SemanticVersionMinor>23</SemanticVersionMinor> <!-- If changing the Minor version, also update the Date value. -->
     <SemanticVersionPatch>0</SemanticVersionPatch>
-    <PreReleaseMilestone></PreReleaseMilestone> <!--Valid values: beta1, beta2, EMPTY for stable -->
+    <PreReleaseMilestone>beta1</PreReleaseMilestone> <!--Valid values: beta1, beta2, EMPTY for stable -->
     <PreReleaseMilestone Condition="'$(Redfield)' == 'True'">redfield</PreReleaseMilestone>
     <PreReleaseMilestone Condition="'$(NightlyBuild)' == 'True'">nightly</PreReleaseMilestone> <!-- Overwrite this property for nightly builds from the DEVELOP branch. -->
     <!--
@@ -23,7 +23,7 @@
       as it will restart file versions so 2.4.0-beta1 may have higher
       file version (like 2.4.0.2222) than 2.4.0-beta2 (like 2.4.0.1111)
     -->
-    <SemanticVersionDate>2022-07-20</SemanticVersionDate>
+    <SemanticVersionDate>2025-02-04</SemanticVersionDate>
 
     <!--
       BuildNumber uniquely identifies all builds (The max allowed value is UInt16.MaxValue = 65535).
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 829cc6749..12574adda 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,8 @@
 # Changelog
 
 ## VNext
+
+## Version 2.23.0-beta1
 - [Populate required field Message with "n/a" if it is empty](https://github.com/microsoft/ApplicationInsights-dotnet/issues/1066)
 - [Fix ITelemetryModule singleton registration to support presence of keyed services](https://github.com/microsoft/ApplicationInsights-dotnet/pull/2908)