diff --git a/CHANGELOG.md b/CHANGELOG.md
index 56f41f902e..d9ffa8d766 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Changelog
 
-## [Unreleased]
+## [v1.16.0] - 2023-03-29
 
 - Add `buf beta price` command to help users of the BSR figure out how much a module
   will cost to store on the BSR under the Teams or Pro plans.
@@ -844,7 +844,7 @@ buf check breaking proto --against .git#branch=master,subdir=proto
 
 Initial beta release.
 
-[Unreleased]: https://github.com/bufbuild/buf/compare/v1.15.1...HEAD
+[v1.16.0]: https://github.com/bufbuild/buf/compare/v1.15.1...v1.16.0
 [v1.15.1]: https://github.com/bufbuild/buf/compare/v1.15.0...v1.15.1
 [v1.15.0]: https://github.com/bufbuild/buf/compare/v1.14.0...v1.15.0
 [v1.14.0]: https://github.com/bufbuild/buf/compare/v1.13.1...v1.14.0
diff --git a/private/buf/bufcli/bufcli.go b/private/buf/bufcli/bufcli.go
index cfa9260889..2a74440270 100644
--- a/private/buf/bufcli/bufcli.go
+++ b/private/buf/bufcli/bufcli.go
@@ -64,7 +64,7 @@ import (
 
 const (
 	// Version is the CLI version of buf.
-	Version = "1.15.2-dev"
+	Version = "1.16.0"
 
 	inputHTTPSUsernameEnvKey      = "BUF_INPUT_HTTPS_USERNAME"
 	inputHTTPSPasswordEnvKey      = "BUF_INPUT_HTTPS_PASSWORD"