diff --git a/bucket/upbound-cli.json b/bucket/upbound-cli.json
index 302ebc9e1b..c346bff116 100644
--- a/bucket/upbound-cli.json
+++ b/bucket/upbound-cli.json
@@ -1,12 +1,12 @@
 {
-    "version": "0.32.0",
+    "version": "0.32.1",
     "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/v0.32.0/bin/windows_amd64/up.exe",
-            "hash": "31bfa61227ed6666252aa8d6f6dde840bbe5e7e5e39f1b9190186ddd95fb3534"
+            "url": "https://cli.upbound.io/stable/v0.32.1/bin/windows_amd64/up.exe",
+            "hash": "84eca74448eb7e09af2c043eab1e8f11f8dab0a554b8b8b1b920025874d3d9bc"
         }
     },
     "bin": "up.exe",