Pour powdered sugar into a large (gallon size) reusable plastic zip baggie. Set aside.

Add freeze dried strawberries to blender. Blend at highest speed until strawberry pieces are powder. Transfer strawberry powder to baggie with powdered sugar. Set aside.

Using a double boiler with a large bowl, or using a large microwave safe bowl, carefully melt chocolate and cashew butter. Stir to combine.

Add cereal squares to melted chocolate mixture. Stir/fold to coat completely.

Carefully spoon chocolate coated cereal squares into baggie with powdered sugar. Seal baggie closed, leaving some air inside. Turn/shake baggie to coat each cereal square with strawberry powdered sugar.

Transfer Powder Pink Strawberry Puppy Chow to serving bowls.

Store in airtight container or plastic baggie with the air squeezed out.