diff --git a/BUILD b/BUILD
index a0de06d75c..61720290d2 100644
--- a/BUILD
+++ b/BUILD
@@ -31,7 +31,7 @@ cc_library(
 )
 
 # TODO: Version needs to be updated better here.
-otel_sdk_prefix = "otel_sdk/" + "1.15.0" + "/"
+otel_sdk_prefix = "otel_sdk/" + "1.16.0" + "/"
 
 # Build configuration settings mimicking MSVC: debug=dbg, release=opt, reldeb=fastbuild
 config_setting(
diff --git a/MODULE.bazel b/MODULE.bazel
index 0aba925908..ad50af76c6 100644
--- a/MODULE.bazel
+++ b/MODULE.bazel
@@ -1,6 +1,6 @@
 module(
     name = "opentelemetry-cpp",
-    version = "1.15.0-dll.0",
+    version = "1.16.0-dll",
     repo_name = "io_opentelemetry_cpp",
 )
 
@@ -10,7 +10,7 @@ bazel_dep(name = "aspect_bazel_lib", version = "2.7.7")
 
 bazel_dep(name = "rules_pkg", version = "0.10.1", dev_dependency = True)
 
-bazel_dep(name = "rules_python", version = "0.33.1")
+bazel_dep(name = "rules_python", version = "0.33.2")
 bazel_dep(name = "rules_cc", version = "0.0.9")
 bazel_dep(name = "bazel_skylib", version = "1.7.1")
 bazel_dep(name = "platforms", version = "0.0.10")
diff --git a/MODULE.bazel.lock b/MODULE.bazel.lock
index 101bd01fde..932c0a8399 100644
--- a/MODULE.bazel.lock
+++ b/MODULE.bazel.lock
@@ -155,8 +155,8 @@
     "https://bcr.bazel.build/modules/rules_python/0.27.1/MODULE.bazel": "65dc875cc1a06c30d5bbdba7ab021fd9e551a6579e408a3943a61303e2228a53",
     "https://bcr.bazel.build/modules/rules_python/0.29.0/MODULE.bazel": "2ac8cd70524b4b9ec49a0b8284c79e4cd86199296f82f6e0d5da3f783d660c82",
     "https://bcr.bazel.build/modules/rules_python/0.31.0/MODULE.bazel": "93a43dc47ee570e6ec9f5779b2e64c1476a6ce921c48cc9a1678a91dd5f8fd58",
-    "https://bcr.bazel.build/modules/rules_python/0.33.1/MODULE.bazel": "b6767735ae876488ca4210ae315709a10ed97a2ff791d7b185cb241fae4ba3f1",
-    "https://bcr.bazel.build/modules/rules_python/0.33.1/source.json": "b3108745305a93436ed2727af9ddfb31c8471e9bdd40017ca0b805e70cf28d27",
+    "https://bcr.bazel.build/modules/rules_python/0.33.2/MODULE.bazel": "3e036c4ad8d804a4dad897d333d8dce200d943df4827cb849840055be8d2e937",
+    "https://bcr.bazel.build/modules/rules_python/0.33.2/source.json": "e539592cd3aae4492032cecea510e46ca16eeb972271560b922cae9893944e2f",
     "https://bcr.bazel.build/modules/rules_python/0.4.0/MODULE.bazel": "9208ee05fd48bf09ac60ed269791cf17fb343db56c8226a720fbb1cdf467166c",
     "https://bcr.bazel.build/modules/rules_swift/1.18.0/MODULE.bazel": "a6aba73625d0dc64c7b4a1e831549b6e375fbddb9d2dde9d80c9de6ec45b24c9",
     "https://bcr.bazel.build/modules/rules_swift/1.18.0/source.json": "9e636cabd446f43444ea2662341a9cbb74ecd87ab0557225ae73f1127cb7ff52",
@@ -180,7 +180,7 @@
     "//bazel:repository.bzl%deps1": {
       "general": {
         "bzlTransitiveDigest": "gf/o2Tn/pzavfhbRK2eZCrZkVGx1Ip5ADTWAFHl8oDg=",
-        "usagesDigest": "oT5hPERZiICkSo0chm4riinU9+juIVWZSAGkh9YKxg0=",
+        "usagesDigest": "LzKq78vknOd5MRguKvgXwUUI835WWLYm/oK0IFSaWo4=",
         "recordedFileInputs": {},
         "recordedDirentsInputs": {},
         "envVariables": {},