diff --git a/version.json b/version.json
index 006a78b8bd..5994a80c7d 100644
--- a/version.json
+++ b/version.json
@@ -1,6 +1,6 @@
 {
   "$schema": "https://raw.githubusercontent.com/dotnet/Nerdbank.GitVersioning/main/src/NerdBank.GitVersioning/version.schema.json",
-  "version": "12.3.1",
+  "version": "12.4.0",
   "assemblyVersion": {
     "precision": "build"
   },