Crypto company Digital Currency Group (DCG) is selling stakes in some of its investment funds at a steep discount to raise capital, as it tries to pay back creditors of its bankrupt lending unit Genesis, Financial Times reported, citing U.S. securities filings.

The sale of the shares in several of DCG's prized cryptocurrency funds, which are managed by subsidiary Grayscale, highlights the company's financial difficulties.

Grayscale is a lucrative business, earning millions of dollars in fees each year by managing large pools of bitcoin, ether, and other cryptocurrencies in funds that investors can buy shares in from their brokerage accounts.

DCG is selling stakes in its ethereum fund, where it has moved to sell about a quarter of its stock to raise up to $22 million since Jan. 24.

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The group is also selling down smaller blocks of shares in its Litecoin Trust, Bitcoin Cash Trust, Ethereum Classic Trust, and Digital Large Cap Fund.

The group, which is backed by investors including SoftBank and CapitalG, does not allow investors to redeem their shares for the coins held in the trusts.

The sale of the shares follows the collapse of Genesis into bankruptcy in January, becoming the latest large crypto company to fail. DCG has been trying to repay more than $3 billion to its creditors and has been involved in a public dispute with the Gemini exchange over the debts.

Lazard bankers are advising the sale of CoinDesk, which DCG also owns.

On Monday, after months of negotiations, DCG reached an agreement with Genesis’ main creditors, including Gemini.

"This plan is a critical step forward towards a substantial recovery of assets," said Cameron Winklevoss.

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