diff --git a/CHANGELOG.md b/CHANGELOG.md
index 38adffc31..26371016a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,8 @@ Canonical reference for changes, improvements, and bugfixes for Boundary.
 
 ## Next
 
+## 0.15.1 (2024/02/28)
+
 ### Bug Fixes
 
 * cli: Update proxy listener to not close when the number of connections left 
@@ -17,6 +19,14 @@ Canonical reference for changes, improvements, and bugfixes for Boundary.
   the session teardown.
   ([PR](https://github.com/hashicorp/boundary/pull/4389))
 
+### New and Improved
+
+* feat: support added for tracking and reporting monthly active users for
+  the purpose of billing. It adds a new API endpoint,
+  `/v1/billing:monthly-active-users` and new cli command,
+  `boundary billing monthly-active-users` that can be used to view the monthly
+  active user counts.
+
 ## 0.15.0 (2024/01/30)
 
 ### Deprecations/Changes
diff --git a/version/VERSION b/version/VERSION
index a55105169..04a373efe 100644
--- a/version/VERSION
+++ b/version/VERSION
@@ -1 +1 @@
-0.15.0
+0.16.0