A new and previously cryptic fish species, Polymixia hollisterae, new species, proposed common name “Bermuda Beardfish,” is described from two voucher specimens collected in 1997 at a depth of about 280 fm or 512 m on the NW slope of the Bermuda Platform, and a third voucher collected by a midwater trawl in the north-central Gulf of Mexico. The species belongs to the paracanthopterygian acanthomorph genus Polymixia, family Polymixiidae, order Polymixiiformes, and is named after pioneering ichthyologist, ocean explorer, and conservationist Gloria E. Hollister (Anable). It is distinguished from all other species in the genus by its greater dorsal and anal fin heights (19% and 14% of SL, respectively), its extremely long pectoral and pelvic fins (22% and 14% of SL, respectively), its relatively large eye diameter (34% of total head length), and its morphologically distinctive first anal-fin radial. It has a unique pigmentation pattern on the dorsal, anal, and caudal fins consisting of narrow, dark black patches near the tips of the longest few soft dorsal- and anal-fin rays, and a caudal-fin margin with a dark black fringe covering the distal fourth of the fin. Based on an earlier molecular study that revealed it to be a cryptic species, P. hollisterae, new species, is closely related to P. japonica, but it differs by 20–33 nucleotides in a total alignment of 4,983 nuclear and mitochondrial sites. The new species shares a distinctive scale morphology with P. japonica and P. nobilis (the type species); an intermediate number of dorsal-fin rays (V,31–32), like P. japonica (V,31–34); a distinctive preopercle shape with P. japonica, P. lowei, and P. berndti; and a low number of pyloric caeca with P. lowei and P. berndti. Pored lateral-line scales number 35, an intermediate number compared to reported counts of other species (31–39). The three supraneurals are sigmoid-shaped like those of P. nobilis, while dorsal-fin proximal radials interfinger with neural spines in a unique pattern. Body shape, as studied with measurement proportions and multivariate morphometrics, is distinguished by a relatively large head, large eyes, long jaws, and a more streamlined pre-dorsal body profile than its congeners. Further research and additional collecting will be needed to ascertain the geographic distribution and conservation status of the new species.