diff --git a/bucket/upbound-cli.json b/bucket/upbound-cli.json
index 90be6e57e9..a98e0a5084 100644
--- a/bucket/upbound-cli.json
+++ b/bucket/upbound-cli.json
@@ -1,12 +1,12 @@
 {
-    "version": "0.12.0",
+    "version": "0.12.1",
     "description": "Official CLI for interacting with Upbound Cloud, Upbound Enterprise, and Universal Crossplane (UXP).",
     "homepage": "https://cloud.upbound.io/docs/cli",
     "license": "Apache-2.0",
     "architecture": {
         "64bit": {
-            "url": "https://cli.upbound.io/stable/v0.12.0/bin/windows_amd64/up.exe",
-            "hash": "f56b867795788cce85aa48a7c524da2645c67964bee17c75d21aaf5802a77793"
+            "url": "https://cli.upbound.io/stable/v0.12.1/bin/windows_amd64/up.exe",
+            "hash": "db3c9c5e38162990ef31eb4f5f79aa08a1c8fbdde46589a2b2c12d261cf8c069"
         }
     },
     "bin": "up.exe",