Place cream cheese, butter, powdered sugar, and peppermint extract in the large bowl of a stand mixer. Blend until fluffy and creamy.

Place 1 cup of peppermints and white chocolate chips in a food processor (or hand mixer), and process until they are small crumbly pieces.

Stir peppermint mixture into cream cheese mixture until combined.

Process remaining peppermints, roll the cheese ball in them to coat.

Wrap mixture tightly in plastic wrap in a ball shape and place in refrigerator for at least 2 hours.

Serve with Oreos, graham crackers, pretzel sticks, apple wedges, or your favorite holiday cookie.