The N, N-dimethylformamide (DMF) organic solvent was deliberately chosen as the optimal medium for this investigation. To achieve uniform dispersion of black phosphorus powder, which was obtained via shock-induced phase transformation, it was effectively dispersed in the DMF solution, resulting in a homogeneous black phosphorus-DMF suspension. Subsequently, a liquid-phase pulsed discharge experiment was conducted. This experimental setup harnessed the shockwave and tensile stripping effects generated by the rapid expansion of plasma during the liquid-phase pulsed discharge. These phenomena facilitated the interlayer exfoliation and dispersion of black phosphorus molecules, ultimately leading to the formation of a suspension containing black phosphorus quantum dots. In-depth investigation into the formation mechanism of black phosphorus quantum dots was also undertaken. Our findings reveal a pivotal influence of the charging voltage on the microstructure of the recovered samples. Specifically, as the charging voltage increases, the lateral dimensions of the retrieved two-dimensional black phosphorus powder undergo a remarkable reduction, transitioning from the micron-scale to less than 10 nm. The above results, which stem from meticulous experimentation and analysis, emphasize the significance of controlled synthesis in producing black phosphorus quantum dots with varying microstructures. Such insights hold substantial promise for advancing the field of materials science and enhancing the applicability of black phosphorus quantum dots in diverse applications.