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.