The company can repurchase up to 26.8 million shares, or 4.58% of its public float, for cancellation over the next year, starting on 12 May.
At Thursday's close of C$8.32, the planned buyback would be worth about C$222.9 million.
BlackBerry shares have risen 60% since the start of 2026 as the former smartphone maker continues its shift toward cybersecurity and enterprise software.
With its stock soaring 60%, is BlackBerry's C$223M buyback a confident bet or a sign of peaking?
If BlackBerry's turnaround is complete, why are insiders selling shares while short interest on the stock climbs?