Preheat oven to 350 degrees. Prepare a Bundt cake pan by greasing with butter and sprinkling with sugar.
In a blender, mix the eggs, condensed milk, butter, milk and melted white chocolate.
Pour into prepared pan.
Fill a shallow pan halfway with water. Place the cake in the pan, and bake for approximately 50 minutes or until firm. Transfer cake to the fridge for at least 4 hours before removing it from pan. Garnish with sprinkles and serve.