Heat water to 105-110 degrees F, no hotter. Add yeast and stir. Let sit for about 5 minutes to let the yeast bloom.
In the bowl of a stand mixer, stir together flour and salt. Pour in yeast mixture and olive oil. Mix for 5-6 minutes. If the dough is very sticky sprinkle in a little more flour until it holds its shape. (If you don't have a stand mixer, stir the dough together with a wooden spoon, turn onto a floured surface and knead for 7 to 8 minutes by hand.)
Transfer dough to a lightly oiled bowl, cover with a kitchen towel and let the dough rise for 1 1/2 hours.
Punch down dough. Remove from bowl and cut dough into quarters. Then cut each quarter in half so you have 8 medium-sized pieces. Cut each of the 8 pieces into 10 small pieces for a total of 80.
Cut each mozzarella stick into 10 pieces for a total of 80. Wrap each dough piece around a cheese piece being sure to seal all the edges.
In a medium bowl, melt butter. Stir in garlic powder and dried parsley until garlic powder is dissolved. Roll dough balls in garlic butter before placing in a bundt pan.
Once you have 1 layer of dough balls in the pan, top with 1/4 cup shredded mozzarella. Add remaining dough balls and then top with the rest of the shredded mozzarella.
Set bread aside to proof while the oven preheats to 350 degrees F.
Bake for 30-35 minutes or until bread is golden and cheese is melted. Remove from oven and allow to cool on a wire rack for 10 minutes.
Carefully turn bread upside down onto a serving plate to remove from bundt pan. Serve with pizza sauce or marinara for dipping, if desired.
Notes
To help speed up prep, you can use pre-made dough:Pizza dough from your local pizzeria - You'll need about 1.5 pounds of pizza dough. Use the pizza dough as directed in the recipe.Canned biscuits (the cheap cans, not the fancy layered buttery ones) - You'll need 4 cans of biscuits (10 each). Cut each biscuit in half before wrapping around the cheese.I use string cheese because I have kids and it always on hand. It's a SUPER easy option for me. You could also buy a block of mozzarella and cut it into 1/2-inch cubes.