diff --git a/projects/packages/jetpack-mu-wpcom/package.json b/projects/packages/jetpack-mu-wpcom/package.json
index 8047ef33d69ce..2af64bd93f63f 100644
--- a/projects/packages/jetpack-mu-wpcom/package.json
+++ b/projects/packages/jetpack-mu-wpcom/package.json
@@ -1,7 +1,7 @@
 {
 	"private": true,
 	"name": "@automattic/jetpack-mu-wpcom",
-	"version": "5.50.0",
+	"version": "5.50.1-alpha",
 	"description": "Enhances your site with features powered by WordPress.com",
 	"homepage": "https://github.com/Automattic/jetpack/tree/HEAD/projects/packages/jetpack-mu-wpcom/#readme",
 	"bugs": {
diff --git a/projects/packages/jetpack-mu-wpcom/src/class-jetpack-mu-wpcom.php b/projects/packages/jetpack-mu-wpcom/src/class-jetpack-mu-wpcom.php
index 098ffed47ae1d..4a6b5998b47b8 100644
--- a/projects/packages/jetpack-mu-wpcom/src/class-jetpack-mu-wpcom.php
+++ b/projects/packages/jetpack-mu-wpcom/src/class-jetpack-mu-wpcom.php
@@ -13,7 +13,7 @@
  * Jetpack_Mu_Wpcom main class.
  */
 class Jetpack_Mu_Wpcom {
-	const PACKAGE_VERSION = '5.50.0';
+	const PACKAGE_VERSION = '5.50.1-alpha';
 	const PKG_DIR         = __DIR__ . '/../';
 	const BASE_DIR        = __DIR__ . '/';
 	const BASE_FILE       = __FILE__;