First, preheat the oven to 350°F. Grease 3 8-inch round cake pans. Line the bottoms with parchment paper.
Next, using a stand mixer, beat the butter and sugar together on medium speed until light and fluffy, about 5 minutes. After that, whisk the flour, baking powder, and salt in a medium bowl. Stir the vanilla to the buttermilk.
Now it is time to add the egg whites to the butter mixture, one at a time, mixing on low speed until incorporated.
Alternate adding the flour mixture and the buttermilk, Starting and ending with the flour. Beat on low speed until just combined. Carefully fold in the sprinkles by hand. Do not over mix or the sprinkle color will start to bleed into the batter.
Divide the batter evenly between the prepared pans. Bake for 20-25 minutes rotating the pans half way through. Cool in the pans for 15 minutes. Remove from the pans and cool completely on a wire rack.