In a small saucepan, combine honey, peanut butter, and Strawberry Butter. Stir about 3 minutes over medium heat until ingredients are smooth and well mixed. Turn off the heat, then stir in the vanilla extract.
In a large mixing bowl, toss together oats, cereal, and peanuts.
Pour butter mixture over the dry ingredients and use a wooden spoon to stir until combined.
Line an 8×8 baking dish with parchment paper. Press mixture into dish. Refrigerate for 2-3 hours.
Cut into 8 individual size granola bars and wrap in plastic wrap. Keep in the fridge until ready to eat.
