diff --git a/bucket/waypoint.json b/bucket/waypoint.json
index 6d6e10f213..6adfbf4659 100644
--- a/bucket/waypoint.json
+++ b/bucket/waypoint.json
@@ -1,16 +1,16 @@
 {
-    "version": "0.4.2",
+    "version": "0.5.0",
     "description": "Tool for defining application's build, deploy, and release lifecycle as code, reducing the time to deliver deployments through a consistent and repeatable workflow.",
     "homepage": "https://www.waypointproject.io",
     "license": "MPL-2.0",
     "architecture": {
         "64bit": {
-            "url": "https://releases.hashicorp.com/waypoint/0.4.2/waypoint_0.4.2_windows_amd64.zip",
-            "hash": "f23972412a37c3168d8c007cb13f0b57a181a59274eae058c086c329ccaa9567"
+            "url": "https://releases.hashicorp.com/waypoint/0.5.0/waypoint_0.5.0_windows_amd64.zip",
+            "hash": "d7c649a1dce595e441fadce63610ba5d6a0320b38f02f010ca1b203dfb429114"
         },
         "32bit": {
-            "url": "https://releases.hashicorp.com/waypoint/0.4.2/waypoint_0.4.2_windows_386.zip",
-            "hash": "801c57cd1b03d80836eed8e6697c6999f8eb23e79e396f8ad7e84c8439d76f71"
+            "url": "https://releases.hashicorp.com/waypoint/0.5.0/waypoint_0.5.0_windows_386.zip",
+            "hash": "df18ca1249778c1eaf5e84f65afa34fd22e4bacd73245dc116911d2bdf9b9568"
         }
     },
     "bin": "waypoint.exe",