diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 1ae3372a6..7a79b1831 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.8.5
+current_version = 0.8.6rc0
 commit = True
 tag = True
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)((?P<release>[a-z]+)(?P<candidate>\d+))?
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b34e94307..43162e2b2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,7 @@ can and probably will change functionality and break backwards compatability
 at anytime.
 
 ## [Unreleased]
+\#\# [0.8.6rc0] - 2017-02-19
 ### Changed
  * Add `file_get` by stream hash
 ###
diff --git a/lbrynet/__init__.py b/lbrynet/__init__.py
index fe820169e..b41e17270 100644
--- a/lbrynet/__init__.py
+++ b/lbrynet/__init__.py
@@ -1,6 +1,6 @@
 import logging
 
-__version__ = "0.8.5"
+__version__ = "0.8.6rc0"
 version = tuple(__version__.split('.'))
 
 logging.getLogger(__name__).addHandler(logging.NullHandler())
diff --git a/packaging/ubuntu/lbry.desktop b/packaging/ubuntu/lbry.desktop
index 311bb94b8..ef4f4b46c 100644
--- a/packaging/ubuntu/lbry.desktop
+++ b/packaging/ubuntu/lbry.desktop
@@ -1,5 +1,5 @@
 [Desktop Entry]
-Version=0.8.5
+Version=0.8.6rc0
 Name=LBRY
 Comment=The world's first user-owned content marketplace
 Icon=lbry