Using a drinking glass, cut a hole out of the center of the bread slices.
Place the butter in a large skillet and heat over medium until the butter begins to foam. Place bread slices into skillet, however many will fit. Break open an egg into each hole in the slices. Cook for 3-4 minutes or until the egg whites have fully set.
Carefully remove from skillet with a large spatula. Continue until all have been cooked. Cook the remaining bread circles in hot skillet to toast up and use for dipping.