Yup it is 64kb you can verify this with the code below.
(select a shape with the User.visVersion cell you can add, Microsoft's Basic Block shapes have this field in Visio 2019 by default)
Sub CramALargeStringIntoUserCell()
Dim zerototen As String
zerototen = "0123456789"
Dim largestring As String
Dim Counter As Long
For Counter = 1 To 6553
largestring = largestring & zerototen
Next Counter
Dim SomeCell As Visio.Cell
Set SomeCell = Application.ActiveWindow.Selection(1).Cells("User.visVersion")
SomeCell.FormulaForce = Chr(34) & largestring & Chr(34)
End Sub