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Got it. So to know the total amount of STEEM tokens if all SBD and VESTS were converted to STEEM, we'd do the following?

virtual supply + total vesting fund steem

No, the virtual supply is the total amount of STEEM available including the SBD (if converted to STEEM at the current price) and all vested STEEM.

  • total vesting fund steem: All vested STEEM = all Steem Power.
  • Liquid Steem: All STEEM that is not vested as Steem Power.
  • current supply: Liquid Steem + total vesting fund steem
  • current sbd supply: All available SBD
  • virtual supply: current supply + current sbd supply converted to STEEM at the current price.

So the virtual supply is the actual total amount of STEEM.