In a large, microwave safe bowl, melt marshmallows and butter for 2 minutes, stirring intermittently. Remove from the microwave and stir until completely melted and blended.
Add in cereal and blend.
Stir in kisses and 1/2 cup coconut.
Line a 13" x 9" pan with foil or parchment paper. Press treats into the pan and garnish with 1/4 cup coconut.
Allow to cool completely before lifting out of the pan and cutting into squares.