diff --git a/CHANGELOG.md b/CHANGELOG.md
index 301e12d4..efc77846 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog and versioning
 
+## 2.16.2
+
+### Various fixes & improvements
+
+- feat: Increase backpressure threshold to 5 seconds (#340) by @lynnagara
+
 ## 2.16.1
 
 ### Various fixes & improvements
diff --git a/Cargo.toml b/Cargo.toml
index c3c6f263..593a1da7 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rust_arroyo"
-version = "2.16.1"
+version = "2.16.2"
 edition = "2021"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
diff --git a/setup.py b/setup.py
index abd64727..b3babcc7 100644
--- a/setup.py
+++ b/setup.py
@@ -10,7 +10,7 @@ def get_requirements() -> Sequence[str]:
 
 setup(
     name="sentry-arroyo",
-    version="2.16.1",
+    version="2.16.2",
     author="Sentry",
     author_email="oss@sentry.io",
     license="Apache-2.0",