What does the Bible say about Jesus' ransom for many?

In Matthew 20:28, it states that the Son of Man came to give His life as a ransom for many. This ransom represents the full payment for sin, highlighting that Jesus did not die for the sins of everyone, but specifically for His sheep, His chosen ones. This concept of a ransom is profound, as Christ's death serves as an atonement that secures our redemption and forgiveness through His shed blood. Only through faith in Christ can we obtain eternal life, as He bore our sins and set us free from the bondage of sin and death.