diff --git a/CHANGELOG.md b/CHANGELOG.md
index b671a13..819f3e3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,8 @@
 # CHANGELOG
 
+**v0.2.1:**
+- Improvement: speeding up Sqids.new: [[PR #7](https://github.com/sqids/sqids-ruby/pull/7)] (thanks to [@lawrencegripper](https://github.com/lawrencegripper))
+
 **v0.2.0:** **⚠️ BREAKING CHANGE**
 - **Breaking change**: IDs change. Algorithm has been fine-tuned for better performance [[Issue #11](https://github.com/sqids/sqids-spec/issues/11)]
 - `alphabet` cannot contain multibyte characters
diff --git a/sqids.gemspec b/sqids.gemspec
index 1d514a9..da74c42 100644
--- a/sqids.gemspec
+++ b/sqids.gemspec
@@ -7,7 +7,7 @@ require 'sqids'
 
 Gem::Specification.new do |gem|
   gem.name          = 'sqids'
-  gem.version       = '0.2.0'
+  gem.version       = '0.2.1'
   gem.authors       = ['Sqids Maintainers']
   gem.summary       = 'Generate YouTube-like ids from numbers.'
   gem.homepage      = 'https://sqids.org/ruby'