Line a baking sheet with parchment paper and set aside.
In a microwave-safe bowl, combine the white chocolate chips and 1/2 tablespoon of coconut oil. Microwave in 30-second intervals, stirring in between, until melted and smooth.
Dip each strawberry into the melted white chocolate, allowing excess to drip off. Place the dipped strawberries on the prepared baking sheet.
In another microwave-safe bowl, melt the blue candy melts using the same method as the white chocolate. If desired, add the remaining coconut oil for a smoother consistency.
Dip the bottom half of each white chocolate-covered strawberry into the blue candy melts. Return to the baking sheet.
While the chocolate is still wet, sprinkle red, white, and blue sprinkles on top for decoration.
Refrigerate the strawberries for at least 30 minutes to allow the chocolate to set.