diff --git a/bucket/velero.json b/bucket/velero.json
index a92f6285d6..80e96e64e7 100644
--- a/bucket/velero.json
+++ b/bucket/velero.json
@@ -1,13 +1,13 @@
 {
-    "version": "1.5.3",
+    "version": "1.5.4",
     "description": "Safely backup, restore and perform disaster recovery, migrate Kubernetes cluster resources and persistent volumes.",
     "homepage": "https://velero.io",
     "license": "Apache-2.0",
     "architecture": {
         "64bit": {
-            "url": "https://github.com/vmware-tanzu/velero/releases/download/v1.5.3/velero-v1.5.3-windows-amd64.tar.gz",
-            "hash": "b18c1a5156b2cd45fe87082ee9b5a83546b2a68c41198f709b4207a28135b45c",
-            "extract_dir": "velero-v1.5.3-windows-amd64"
+            "url": "https://github.com/vmware-tanzu/velero/releases/download/v1.5.4/velero-v1.5.4-windows-amd64.tar.gz",
+            "hash": "86be440bf597178a16ff202ff113ecc716fc300cf7a821ec12f1e82f255a7ea0",
+            "extract_dir": "velero-v1.5.4-windows-amd64"
         }
     },
     "bin": "velero.exe",