$META
StableSnapshot Window: 2026-09-23 02:10 UTC · ← Back to Crypto Overview
Social Momentum Summary
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
"Fully diluted" and "assumed diluted" do not have shared definitions. There's no filed standard for either term as treasury companies use it. Each issuer chooses what goes in. So every fully diluted count is a model, and the issuer holds the knobs I didn't know that when I first
AI visual note: The image presents the "Adjusted CEBE" formula for the CEBE Tracker (CEBE Framework, Valuation Layer, dated 2026-09-22), defined as (Total BTC minus Adjusted Claims in BTC) divided by (Basic Shares plus Expected Delivered Shares), with probabilities assigned per instrument—stating that headline CEBE uses basic shares while Adjusted is an optional toggle (off by default). It directly reinforces the post's point about dilution ambiguity: by distinguishing "Adjusted Claims" and "Expected Delivered Shares" with probability-weighted modeling, the tracker explicitly shows how diluted share counts are constructed and can vary by issuer's assumptions.