In a medium bowl, combine butter and garlic powder with parsley; mix well. Separate biscuits and dip each into butter to coat.
In tube pan, place on layer of dipped biscuits in bottom, slightly overlapping each biscuit. Arrange remaining biscuits in zip-zag fashion, some towards center and some towards outside edge of pan. Use all biscuits in as many layers as needed.
Pour half of remaining butter over biscuits.
Bake, uncovered, in 375 degree oven 15-20 minutes.
Invert onto serving platter and pour remaining butter over bread. Serve warm.