diff --git a/Formula/o/ord.rb b/Formula/o/ord.rb
index 048c32058e756..11508a404da70 100644
--- a/Formula/o/ord.rb
+++ b/Formula/o/ord.rb
@@ -1,8 +1,8 @@
 class Ord < Formula
   desc "Index, block explorer, and command-line wallet"
   homepage "https://ordinals.com/"
-  url "https://github.com/ordinals/ord/archive/refs/tags/0.15.0.tar.gz"
-  sha256 "0c14e25c1c27a99fd9ec15a4263d4df6336f19cdf894304c4f7d42b64c14f2ea"
+  url "https://github.com/ordinals/ord/archive/refs/tags/0.16.0.tar.gz"
+  sha256 "f2d89cbcb78948e5906659702928e87abb2fec3d4c620de67db23fc8c2ad5fbb"
   license "CC0-1.0"
   head "https://github.com/ordinals/ord.git", branch: "master"
 
@@ -16,15 +16,24 @@ class Ord < Formula
     sha256 cellar: :any_skip_relocation, x86_64_linux:   "87b3ddfa49e34b119ce079927a543ac5fcdb841158d9052cb315361887840dca"
   end
 
+  depends_on "pkg-config" => :build
   depends_on "rust" => :build
 
+  on_linux do
+    depends_on "openssl@3"
+  end
+
   def install
+    # Ensure that the `openssl` crate picks up the intended library.
+    ENV["OPENSSL_DIR"] = Formula["openssl@3"].opt_prefix
+    ENV["OPENSSL_NO_VENDOR"] = "1"
+
     system "cargo", "install", *std_cargo_args
   end
 
   test do
-    expected = "error: failed to spawn `bitcoind`"
-    assert_match expected, shell_output("#{bin}/ord preview 2>&1", 1)
+    output = shell_output("#{bin}/ord list xx:xx 2>&1", 2)
+    assert_match "invalid value 'xx:xx' for '<OUTPOINT>': error parsing TXID", output
 
     assert_match "ord #{version}", shell_output("#{bin}/ord --version")
   end