diff --git a/controllers/hyperconverged/hyperconverged_controller.go b/controllers/hyperconverged/hyperconverged_controller.go
index b40729b31..a0c2416e3 100644
--- a/controllers/hyperconverged/hyperconverged_controller.go
+++ b/controllers/hyperconverged/hyperconverged_controller.go
@@ -23,7 +23,6 @@ import (
 	corev1 "k8s.io/api/core/v1"
 	rbacv1 "k8s.io/api/rbac/v1"
 	schedulingv1 "k8s.io/api/scheduling/v1"
-	apiextensionsv1 "k8s.io/apiextensions-apiserver/pkg/apis/apiextensions/v1"
 	apierrors "k8s.io/apimachinery/pkg/api/errors"
 	apimetav1 "k8s.io/apimachinery/pkg/api/meta"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
@@ -444,16 +443,6 @@ func (r *ReconcileHyperConverged) doReconcile(req *common.HcoRequest) (reconcile
 }
 
 func (r *ReconcileHyperConverged) handleUpgrade(req *common.HcoRequest) (*reconcile.Result, error) {
-
-	crdStatusUpdated, err := r.updateCrdStoredVersions(req)
-	if err != nil {
-		return &reconcile.Result{Requeue: true}, err
-	}
-
-	if crdStatusUpdated {
-		return &reconcile.Result{Requeue: true}, nil
-	}
-
 	modified, err := r.migrateBeforeUpgrade(req)
 	if err != nil {
 		return &reconcile.Result{Requeue: true}, err
@@ -1102,44 +1091,6 @@ func (r *ReconcileHyperConverged) setOperatorUpgradeableStatus(request *common.H
 	return nil
 }
 
-const crdName = "hyperconvergeds.hco.kubevirt.io"
-
-func (r *ReconcileHyperConverged) updateCrdStoredVersions(req *common.HcoRequest) (bool, error) {
-	versionsToBeRemoved := []string{"v1alpha1"}
-
-	found := &apiextensionsv1.CustomResourceDefinition{}
-	key := client.ObjectKey{Namespace: hcoutil.UndefinedNamespace, Name: crdName}
-	err := r.client.Get(req.Ctx, key, found)
-	if err != nil {
-		req.Logger.Error(err, fmt.Sprintf("failed to read the %s CRD; %s", crdName, err.Error()))
-		return false, err
-	}
-
-	needsUpdate := false
-	var newStoredVersions []string
-	for _, vToBeRemoved := range versionsToBeRemoved {
-		for _, sVersion := range found.Status.StoredVersions {
-			if vToBeRemoved != sVersion {
-				newStoredVersions = append(newStoredVersions, sVersion)
-			} else {
-				needsUpdate = true
-			}
-		}
-	}
-	if needsUpdate {
-		found.Status.StoredVersions = newStoredVersions
-		err = r.client.Status().Update(req.Ctx, found)
-		if err != nil {
-			req.Logger.Error(err, fmt.Sprintf("failed updating the %s CRD status: %s", crdName, err.Error()))
-			return false, err
-		}
-		req.Logger.Info("successfully updated status.storedVersions on HCO CRD", "CRD Name", crdName)
-		return true, nil
-	}
-
-	return false, nil
-}
-
 func (r *ReconcileHyperConverged) migrateBeforeUpgrade(req *common.HcoRequest) (bool, error) {
 	upgradePatched, err := r.applyUpgradePatches(req)
 	if err != nil {
diff --git a/controllers/hyperconverged/hyperconverged_controller_test.go b/controllers/hyperconverged/hyperconverged_controller_test.go
index 5c78331e0..66d75c438 100644
--- a/controllers/hyperconverged/hyperconverged_controller_test.go
+++ b/controllers/hyperconverged/hyperconverged_controller_test.go
@@ -1730,66 +1730,6 @@ var _ = Describe("HyperconvergedController", func() {
 				),
 			)
 
-			Context("Remove deprecated versions from .status.storedVersions on the CRD", func() {
-
-				It("should update .status.storedVersions on the HCO CRD during upgrades", func() {
-					// Simulate ongoing upgrade
-					UpdateVersion(&expected.hco.Status, hcoVersionName, oldVersion)
-
-					expected.hcoCRD.Status.StoredVersions = []string{"v1alpha1", "v1beta1", "v1"}
-
-					cl := expected.initClient()
-
-					foundHC, reconciler, requeue := doReconcile(cl, expected.hco, nil)
-					Expect(requeue).To(BeTrue())
-
-					foundCrd := &apiextensionsv1.CustomResourceDefinition{}
-					Expect(
-						cl.Get(context.TODO(),
-							client.ObjectKeyFromObject(expected.hcoCRD),
-							foundCrd),
-					).To(Succeed())
-					Expect(foundCrd.Status.StoredVersions).ToNot(ContainElement("v1alpha1"))
-					Expect(foundCrd.Status.StoredVersions).To(ContainElement("v1beta1"))
-					Expect(foundCrd.Status.StoredVersions).To(ContainElement("v1"))
-
-					By("Run reconcile again")
-					foundHC, reconciler, requeue = doReconcile(cl, foundHC, reconciler)
-					Expect(requeue).To(BeTrue())
-
-					// call again, make sure this time the requeue is false and the upgrade successfully completes
-					foundHC, _, requeue = doReconcile(cl, foundHC, reconciler)
-					Expect(requeue).To(BeFalse())
-
-					checkAvailability(foundHC, metav1.ConditionTrue)
-					ver, ok := GetVersion(&foundHC.Status, hcoVersionName)
-					Expect(ok).To(BeTrue())
-					Expect(ver).To(Equal(newHCOVersion))
-				})
-
-				It("should not update .status.storedVersions on the HCO CRD if not in upgrade mode", func() {
-					expected.hcoCRD.Status.StoredVersions = []string{"v1alpha1", "v1beta1", "v1"}
-
-					cl := expected.initClient()
-
-					foundHC, _, requeue := doReconcile(cl, expected.hco, nil)
-					checkAvailability(foundHC, metav1.ConditionTrue)
-					Expect(requeue).To(BeFalse())
-
-					foundCrd := &apiextensionsv1.CustomResourceDefinition{}
-					Expect(
-						cl.Get(context.TODO(),
-							client.ObjectKeyFromObject(expected.hcoCRD),
-							foundCrd),
-					).To(Succeed())
-					Expect(foundCrd.Status.StoredVersions).To(ContainElement("v1alpha1"))
-					Expect(foundCrd.Status.StoredVersions).To(ContainElement("v1beta1"))
-					Expect(foundCrd.Status.StoredVersions).To(ContainElement("v1"))
-
-				})
-
-			})
-
 			Context("Amend bad defaults", func() {
 				const (
 					badBandwidthPerMigration    = "64Mi"
diff --git a/controllers/hyperconverged/hyperconverged_suite_test.go b/controllers/hyperconverged/hyperconverged_suite_test.go
index 6f362c2ee..de4e028b1 100644
--- a/controllers/hyperconverged/hyperconverged_suite_test.go
+++ b/controllers/hyperconverged/hyperconverged_suite_test.go
@@ -1,17 +1,17 @@
 package hyperconverged
 
 import (
-	"github.com/kubevirt/hyperconverged-cluster-operator/pkg/upgradepatches"
 	"os"
 	"path"
 	"strings"
 	"testing"
 
-	"github.com/kubevirt/hyperconverged-cluster-operator/controllers/commontestutils"
-	hcoutil "github.com/kubevirt/hyperconverged-cluster-operator/pkg/util"
-
 	. "github.com/onsi/ginkgo/v2"
 	. "github.com/onsi/gomega"
+
+	"github.com/kubevirt/hyperconverged-cluster-operator/controllers/commontestutils"
+	"github.com/kubevirt/hyperconverged-cluster-operator/pkg/upgradepatches"
+	hcoutil "github.com/kubevirt/hyperconverged-cluster-operator/pkg/util"
 )
 
 const (